Growth

Growth of the Ocean Cruise Line Industry

The market talks to each other, influences each other.  So progress gets amplified.  The more people who have ocean cruised, the more who will tell others, the more who will want to take an ocean cruise too.

Worldwide, the ocean cruise industry has an annual passenger compound annual growth rate of 6.63% from 1990 - 2020. Growth strategies to date have been driven by larger capacity new builds and ship diversification, more local ports, more destinationsand new on-board/on-shore activities that match demands of consumers.  The industry is also expanding rapidly internationally. These activities help increase penetration in a core North American market that still has growth potential.  Only 53% of the target North American market (or 24% of the whole U.S. population) have ever taken an ocean cruise.  All the cruise ships in the entire world filled at capacity all year long still only amount to less than ½ of the total number of visitors to Las Vegas

Shipbuilding Summary

A total of 13 new ships with passenger capacity of 33,379 will be added in 2018.  From 2018 to 2020, 37 more new cruise ships will come online adding 99,895  to world wide passenger capacity.  These ships from 2018 to 2020 alone will cumulatively add $11.7 billion in annual revenue to the ocean cruise industry by 2020.

2018 New Ships Est. Date Passenger Capacity
Carnival Carnival Horizon 1/1/2018 4000
AIDA AIDAnova 1/2/2018 5186
Holland America Nieuw Statendam 1/3/2018 2650
Norwegian Norwegian Bliss 1/4/2018 4200
Royal Caribbean Symphony of the Seas 1/5/2018 5400
Celebrity Celebrity Edge 1/6/2018 2900
MSC MSC Seaview 1/7/2018 4140
Hurtigruten  MS Roald Amundsen 1/8/2018 530
Ponant  Le Champlain 1/9/2018 184
Ponant  Le Laperouse 1/10/2018 184
American Cruise Lines American Constitution 1/11/2018 175
Viking Cruises  Viking Orion 1/12/2018 930
TUI Cruises Mein Schiff 1 1/13/2018 2900
2019 New Ships    
MSC MSC Bellissima 1/1/2019 4500
Royal Caribbean Spectrum of the Seas 1/2/2019 4180
Saga Cruises Spirit of Discovery 1/3/2019 1000
MSC MSC Grandiosa 1/4/2019 4900
Norwegian Norwegian Cruise Line 1/5/2019 3900
Costa Cruises Costa Smerelda 1/6/2019 5176
Princess Cruises (Unnamed) 1/7/2019 3560
Carnival (Unnamed) 1/8/2019 3934
Ponant  Le Bougainville 1/9/2019 184
Ponant  Le Dumont d'Urville 1/10/2019 184
Hapag Lloyd Hanseatic Inspiration 1/11/2019 100
Hapag Lloyd Hanseatic Nature 1/12/2019 100
Lindblad Expeditions National Geographic Venture 1/13/2019 100
Saga Cruises Spirit of Discovery 1/14/2019 999
TUI Cruises Mein Schiff 2 1/15/2019 2900
2020 New Ships    
Virgin Voyages (Unnamed) 6/1/2020 2860
Celebrity Celebrity Beyond 3/1/2020 2900
P&O Cruises (Unnamed) 3/1/2020 5200
Saga Cruises Spirit of Adventure 6/1/2020 1000
MSC MSC Meraviglia Plus 2 9/1/2020 4900
Princess Cruises (Unnamed) 11/1/2020 3560
Royal Caribbean (Unnamed) 11/1/2020 4180
Carnival (Unnamed) 6/1/2020 5200
Saga Cruises Spirit of Adventure 6/1/2020 999

Sources: Royal Caribbean Cruises, Ltd., Carnival Corporation and plc, NCL Corporation Ltd., Cruise Lines International Association (CLIA), The Florida-Caribbean Cruise Association (FCCA) and DVB Bank.